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Funder’s cut of S&P class action settlement to go under microscope
The judge overseeing seven class actions against S&P Global Ratings over toxic financial products has appointed a barrister to advise him on whether to approve a confidential global settlement, which would give funder Litigation Capital Partners about half the payout.
Firms abandon planned class actions against Retail Food Group
Law firm Maurice Blackburn has dropped plans for a class action against Retail Food Group alleging the franchisor misled shareholders about the long-term viability of its business model.
Judge tosses sailor class action over Navy’s broken promise
A judge has dismissed a proposed class action against the Commonwealth of Australia alleging it breached a contract to train enlisted Navy sailors to earn engineering degrees, ruling the contract void.
‘Offensive’ Instagram post a valid reason for firing hospital worker, FWC says
The Fair Work Commission has thrown out an unfair dismissal case by a Sydney-based hospital employee who was fired after an unsolicited and "highly offensive" Instagram message to a young nurse.
Chinese food retailer Winha settles case with ASX over delisting threat
China-based food retailer Winha Commerce has settled legal action it launched against the Australian Stock Exchange over ASX's threats to delist the company.
V Energy maker sees red, loses colour trademark battle with Coke
The maker of V Energy drinks has lost a fight to trademark the shade of green used on its cans and labels, with a judge agreeing with rival Coca-Cola that the colour was descriptive, not distinctive.
Business as usual as Clayton Utz reps AMP in ASIC case
Clayton Utz, the law firm that faced scrutiny over the independence of a report it authored for AMP, is representing the wealth manager in ASIC's case over so-called insurance churning.
Dover founder leaves financial services industry for good
The founder of Dover Financial Advisers will never work in the industry again, he has told the Australian Securities and Investments Commission as part of a court-enforceable undertaking that also strips the firm of its operating licence.
Australia wins WTO case on plain tobacco packaging
In a landmark ruling, the World Trade Organisation has backed Australia's controversial law imposing plain packaging on tobacco products, finding the law did not violate intellectual property rights.
Soft-drink giants await ruling in trade mark war over colour green
A ruling in a trademark battle between two beverage giants over a shade of green is set to be handed down next week, and the decision could provide fresh guidance on what a company needs to do to successfully claim a colour as a 'badge of origin'.